FDI.L Regulatory News (FDI)

30 April 2019

Firestone Diamonds plc

("Firestone", the "Group" or the "Company")

Board Changes

Firestone Diamonds plc (AIM: FDI), is pleased to announce that Ms Eileen Carr will be joining the Board as a Non-Executive Director effective 1 May 2019. Ms Carr replaces Mr Paul Sobie who the Board would like to thank for his considerable input since being appointed in 2011, and the role he played in guiding the company through a transformational period that included the successful funding, development and now steady-state operation of the company's flagship Liqhobong Diamond Mine in Lesotho.

Ms Eileen Carr - Non-Executive Director

Ms Carr is a Chartered Certified Accountant who has over 30 years' resources industry experience overseeing large scale mining operations across the world including the Freda Rebecca gold mine in Zimbabwe, the Ayanfuri gold mine in Ghana, the Kalsaka gold mine in Burkina Faso and the Angovia gold mine in Ivory Coast. Ms Carr began her career in the resources sector at Cluff Oil Holdings followed by Marc Rich Holdings (now Glencore) where she held the position of business manager. Since then, she has gone on to serve as Finance Director or Non-Executive Director at several companies in the resources sector, and was Chief Financial Officer at both AIM listed Monterrico Metals plc and Alexander Mining plc.

Ms Carr is currently a Non-Executive Director of Sylvania Platinum Limited and Bacanora Lithium plc, both of which are listed on AIM. Ms Carr holds an MSc in Management from London University and is a SLOAN fellow of the London Business School.

Lucio Genovese, Chairman, commented:

"I am very pleased to welcome Eileen to the Board of Firestone Diamonds. She has extensive experience both in mining and finance which we believe will be invaluable to the Company.

On behalf of the Board, I would like to thank Paul for his dedication and hard work over the past 8 years and wish him the best in his future endeavours."

For more information please visit: www.firestonediamonds.com or contact:

Background information on Firestone

Firestone is an international diamond mining company with operations in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Lesotho is one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.

Further regulatory disclosures

Other than as disclosed below, there are no further disclosures to be made in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies: 

Name - Eileen Carr

Age - 62

Ms. Carr is, or has during the last five years been, a director or partner of the following companies and partnerships:

Current Directorships/Partnerships:

Bacanora Lithium plc

Sylvania Platinum Ltd

Nobel Investments Ltd

Bunree Resource Management Ltd

Past Directorships/Partnerships held in the last 5 years:

Alexander Mining plc

Banro Resources Inc

BuenaVista Gold plc

European Goldfields plc

Cluff Gold plc

Cluff Mining plc

Cluff Resources plc

Gold Star Resources

Monterrico Metals plc

Ms Carr was a Non-Executive Director of Talvivaara Mining Company Plc ("Talvivaara") from June 2007 until June 2014. Talvivaara applied for corporate reorganisation proceedings governed by the Finnish Restructuring of Enterprises Act (47/1993, as amended) on 15 November 2013. On 2 June 2017, Talvivaara announced that the District Court of Espoo had confirmed Talvivaara's Restructuring Programme.

Ms Carr does not currently hold any shares in the Company.

There are no other disclosures to be made under Schedule Two paragraph (g) of the AIM Rules in respect of Ms Carr.

-Ends-